The India Accelerator, a seed-stage accelerator programme, announced today the launch of the i3 Launchpad, a programme designed to nurture and co-innovate with India’s startup ecosystem.
This was created in collaboration with ICICI Bank and Infosys Finacle, both of which are part of EdgeVerve Systems, Infosys’ wholly-owned product subsidiary.
The i3 Launchpad’s goal is to support a community of entrepreneurs who are on a mission to create brands with global impact. It is intended to assist startups in accelerating their success by leveraging mentorship, resources, and opportunities provided by Infosys Finacle, ICICI Bank, and India Accelerator (IA)
The programme is open to startups from all industries and will accept two cohorts per year, with a target of 12-18 startups in each. Fintech, enterprise tech & SaaS, proptech, wealthtech, sustainability & greentech, and insurtech are among the sectors targeted by the first cohort.
Founders can participate in a variety of remote and in-person group learning sessions. Startups interested in applying can learn more on the I3 Launchpad website.
Speaking on this new initiative, Mr. Deepak Nagpal, Managing Partner, India Accelerator, said, “Lack of guidance is one of the primary reasons why so many start-ups fail or are not able to carry out sustainable business for a longer period. This is where India Accelerator, the award-winning start-up accelerator that has supported over 150 start-ups, comes in. Collaboration with Infosys Finacle and ICICI Bank will expand our expertise. The i3 Launchpad programme “structuredly leverages the experience and strengths of India Accelerator, ICICI Bank, and Infosys Finacle to create meaningful and high-growth startups”.
“India has taken global leadership in fintech innovation,” said Mr. Sajit Vijayakumar, SVP and COO of Infosys Finacle. However, much more needs to be done to realise the country’s full potential. We are constantly working with industry participants to Inspire Better Banking as the preferred technology partner of over 60% of Indian financial institutions. This programme is yet another significant initiative in this endeavour. The collaboration will seek to accelerate the growth and impact of fintech startups.”
“Digital initiatives have always been a part of ICICI Bank’s philosophy since its inception,” said Mr. Balaji V.V., Chief Technology Officer at ICICI Bank. We will continue to look for ways to collaborate with startups in order to foster innovation and add value to all of our stakeholders. It will be a delight to witness startups with innovative ideas making a positive impact on the startup-ecosystem through the i3 Launchpad programme”.
